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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
European UnionEurozone Gross Domestic Product QoQ climbed to 0.4% in Q2 2026
FMPMonthlyReleased August 2026
Eurozone Gross Domestic Product QoQ climbed to 0.4% in Q2 2026, released August 2026, up 0.4% from March's 0.0% reading. The reading matched the 0.4% consensus. The print is running well above the 12-month average of 0.18%. Over the past 3 months, Gross Domestic Product QoQ averaged 0.1%, vs 0.15% in the prior 3-month window. Gross Domestic Product QoQ is now the highest in 12 months.
Latest Release
0.4
Actual
0.4
Consensus
0
Previous
Median Absolute Error
±0.07 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 0.38
Actual: 0.4
Error: -0.03
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.57 | INDEX | Moves with | → View |
| Euro STOXX 50 | ▲ Direct | +0.47 | INDEX | Moves with | → View |
| DAX | ▲ Direct | +0.46 | INDEX | Moves with | → View |
| EUR/GBP | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.29 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Gross Domestic Product QoQ (European Union) was reported at 0.4% in August 2026. This matched the market consensus of 0.4% exactly. The reading rose from the previous value of 0%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 0.22%, ranging from -0.2% to 0.4% across 10 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 0.2%, unchanged from the prior three. Volatility over the past year (σ 0.17%) is comparable than the prior year (σ 0.17%).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with Euro STOXX 50, positively correlated (Bullish Euro STOXX 50). Over the last 12 releases, the Sigmacast model's median absolute error is 0.08%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Balance of Trade (Sep 15) and ZEW Economic Sentiment Index (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Gross Domestic Product QoQ - EU
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About Gross Domestic Product QoQ — European Union
DEFINITION
EU Gross Domestic Product QoQ rose 0.400000% in Q2 2026, matching estimates and rebounding from Q1's 0.000000%. The economy shifted from stagnation to moderate growth, reversing the prior quarter's flat performance. Market focus now turns to upcoming inflation data and ECB policy signals amid this steady expansion. Updated 8/14/26
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 0.4 %, consensus 0.4 %. Prior reading (Apr 2026): 0.4 %. Before that (Jan 2026): -0.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish S&P 500, r=0.57) — a useful reference for index-focused traders.
Σ
EXPECTED ZONE
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Economic Calendar - EU Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:00 | EU | Balance of Trade | 8.6 | 3.7 | -0.70 | Medium | |
| 09:00 | EU | ZEW Economic Sentiment Index | 31.4 | 39.9 | 48.25 | Medium | |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 09:00 | EU | Industrial Production MoM | 0 | -0.4 | -0.50 | Medium | |
| 09:00 | EU | Industrial Production YoY | 0.1 | -0.3 | 0.70 | Low | |
| 09:00 | EU | Wage Growth YoY | 3.4 | 3.2 | 3.45 | Low | |
| 09:00 | EU | Labour Cost Index YoY | 3 | 3.2 | 3 | 2.98 | Low |